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Bitcoin Falling Again, but Only Temporary Says Investor

Written by:

Guest

Published on:

Aug/02/2018

Bitcoin had fallen to 7,540.00 USD Wednesday following a rise above the $8,000 mark over the weekend.

Have no fear, one investor said on CNBC Wednesday morning.

"[Bitcoin has] had a pretty good run from $5,800 up to $8,300, $8,400 or so," said CNBC "Fast Money" trader Brian Kelly of Brian Kelly Capital. "So while it might seem crazy to the legacy markets and the bitcoin world, this is just a normal correction.

"I think this is a good environment," Kelly said. "I think the holdup is structural within the ecosystem. It's just not quite ready for prime time yet."

Watch below

Bitcoin falls back below $8K, but here's why you should buy now from CNBC.

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